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THE WHAT? L’Oréal has announced the acquisition of LA-based skincare company Youth to the People.  THE DETAILS Financial details were not disclosed, with the buy-out being subject to standard regulatory approvals and other customary conditions. Youth to the People has built momentum as a popular skincare brand, which offers high-performance vegan skincare products.  The company is expected …

THE WHAT? IMCD China has announced the acquisition of 100 percent of the shares of Shanghai Syntec Additive and Shanghai Weike Additive, jointly “Syntec’.  THE DETAILS Syntec represents global suppliers and provides market, technical and formulation expertise in China’s personal care, cosmetics, and home care industries.  Owen Yu, Founder and General Manager of Syntec said, “We are …

THE WHAT? Procter & Gamble-owned Always has teamed up with the YMCA to create the Always Sports Grant, a new fund providing 1,500 girls access to sports programs in ten states across the US. THE DETAILS The partnership is an extension of Always’ #KeepHerPlaying campaign, and will give at-risk girls between the ages of 10 and 18 …

THE WHAT? Chanel Korea workers have threatened strike action over unpaid wages and the company’s lagging efforts to prevent sexual harassment in the workplace, according to a report by the Korea Herald.  THE DETAILS Workers within Chanel cosmetic stores have stated they will walk out on their jobs for an indefinite period from 17 December should the …

THE WHAT Nestlé has reduced its stake in L’Oréal by selling €8.9 billion (US$10 billion) worth of shares to L’Oréal for €400 a share.  THE DETAILS The sale trims its stake in French beauty giant to 20.1 percent, with Nestlé remaining fully supportive of the company’s value creation strategy.  Nestlé aimed to keep its percentage above 20 …